Bank of New Zealand (BNZ) is set to add Apple Pay support for its customers, allowing them to pay by just waving their Apple iPhone and watch at a contactless terminal.

Scheduled to be rolled out this month, Apple Pay can be used to pay in-store, in app and online with a compatible iPhone or Apple Watch.

Once launched, BNZ will be the second bank after Australia and New Zealand Banking Group (ANZ) to offer the Apple’s contactless payment service in New Zealand. ANZ introduced Apple Pay in New Zealand last year.

In a statement, BNZ said: “Make sure you’re ready for Apple Pay by applying for a BNZ Flexi Debit Visa or BNZ Advantage Visa credit card today.”

BNZ cards eligible for Apple Pay include BNZ Advantage Visa Platinum, BNZ Advantage Visa Classic, BNZ Advantage Visa Business, BNZ Flexi Debit Visa, BNZ Lite Visa, BNZ Visa Classic and BNZ Visa Platinum.

Apple Pay does not store users’ credit or debit card details on their devices; instead a unique code is generated when paying for the item. iPhones and watches taps near-field communication (NFC) technology to connect to the terminal and make the payment.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.